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Business Standard
9 hours ago
- Business
- Business Standard
India's IT giants can't afford to sit out the AI race, says senior official
While startups and academic researchers have so far led India's push to build foundational artificial intelligence (AI) models, the country's legacy IT giants are unlikely to remain on the sidelines for long, according to Abhishek Singh, Additional Secretary at the Ministry of Electronics and Information Technology (MeitY). 'Given the capability that our IT industry has and what we are hearing about Infosys and TCs, all of them are working on AI-based applications,' Singh said at the Accel AI Summit, 2025 on Wednesday in Bengaluru. 'There will be a need for doing this and enhancing their capabilities.' Infosys and TCS have both begun ramping up investments in high-performance computing infrastructure, including Graphics Processing Units (GPUs), while simultaneously retraining thousands of employees in AI-related skills. Singh noted that these companies are already supporting global clients with AI-driven applications, and it's only a matter of time before they begin to roll out proprietary AI products and platforms. 'Otherwise for them to survive without AI, it will be very difficult,' he said. 'The whole world is going towards the adoption of AI.' He said whether it's software delivery, coding practices, SaaS implementation, or solutioning for enterprise clients, everything is being reshaped by AI. Singh believes the transformation underway across the global IT landscape will force India's large tech players to shift from primarily service-driven models to product-led AI innovation. The demand for intelligent applications and automation is only accelerating. And given their scale and customer base, India's top IT firms are well-positioned to deliver on that demand—if they move swiftly. While traditional IT services companies may not be leading the development of India's foundational AI models, they are quietly catalyzing a wave of innovation through internal transitions and ecosystem partnerships, according to Prashanth Prakash, founding partner of Accel India. Inside many large firms, there's an active rethink underway about what comes next in the age of AI. One notable trend, he noted, is senior leadership exiting established IT companies to launch or support new AI ventures. These leaders already understand enterprise pain points and high-impact use cases. They bring domain expertise and built-in demand. 'They're now partnering with VCs to build startups from the ground up,' he said. Another model emerging is through Global Capability Centers (GCCs) based in India. These units are increasingly approaching startups with concrete enterprise use cases and positioning themselves as early partners. They are asking the startups to take their workflows and reimagine them using AI agents or automation. This convergence of talent migration, early-stage venture activity, and enterprise-driven use case development, signals a deeper transformation within India's services ecosystem. 'I think we're seeing multiple ways in which there will be disruption within the context of the Indian services ecosystem,' said Prakash. AI regulations As artificial intelligence applications proliferate across sectors, the Indian government is also taking a pragmatic approach to regulation—aiming to ensure compliance with existing legal frameworks while avoiding heavy-handed restrictions that could stifle innovation, according to Singh of MeitY. 'Regulation will primarily be to ensure that any AI application that is developed is compliant with the legal framework and the laws as they stand,' Singh said. 'But we are not inclined to have something similar to the European Union's approach.' Instead, Singh explained, the government will rely on sector-specific and harm-based safeguards anchored in current statutes—such as the Digital Personal Data Protection Act (DPDP), the Information Technology Act, and the Bharatiya Nyaya Sanhita, which recently replaced the Indian Penal Code. Citing examples, Singh emphasised that generative AI models must be sensitive to local legal contexts. He gave the example of pre-natal sex determination, which is strictly prohibited in India. Yet, an AI model trained on global datasets might identify the sex of a fetus from an ultrasound image, violating Indian law. He said developers will need to ensure such models are adapted to local legal and ethical norms. The focus, Singh added, will be on preventing harm—such as the spread of deepfakes, misinformation, or content that could incite violence or infringe on individual rights. He was of the view that if an application risks violating the law or causing harm to individuals or communities, it will be regulated. However, Singh was clear that regulation would not come at the cost of technological progress. 'We are more inclined towards promoting AI application development rather than restricting it.'
New Indian Express
4 days ago
- General
- New Indian Express
IDOC land proposed as organic farming showcase
NIZAMABAD: Fresh proposals are emerging in the district, spurred by the Union government's push to develop Food Processing Units (FPUs) and promote organic cultivation across India. Given the district's agricultural output, one suggestion is to transform open land at the Integrated District Offices Complex (IDOC) into an organic demonstration plot and educate farmers through field visits. This land holds history: before the IDOC was built near Kalur village, Nizamabad's former collector and camp office sites included open areas cultivated with crops. A paddy plantation there, initiated under former collector Ronald Rose, even served a farm mechanisation programme. Post-construction, about 25 acres of open land persist, following the removal of various structures, parking and a helipad. It's currently landscaped with flowering plants and shade trees, maintained by the Nizamabad Municipal Corporation (NMC) for about `10 lakh yearly. NMC Superintendent Engineer Murali Mohan Reddy mentions a pending proposal to split the maintenance cost evenly.
Yahoo
28-05-2025
- Business
- Yahoo
Bell Canada (BCE) Unveils Plan for 6 AI Data Centers in British Columbia
On Wednesday, BCE Inc. (NYSE:BCE), also called Bell Canada, announced its plans to open 6 AI data centers in British Columbia/B.C., forming the initial supercluster of what is intended to be the largest AI compute project in Canada, known as Bell AI Fabric. These facilities are projected to provide ~500MW of hydroelectric-powered AI compute capacity. A long-distance telecommunications tower looming large against a dawn sky. The first 7-megawatt data center is slated to open next month in June in Kamloops, B.C., in partnership with American AI inference provider Groq. Groq's technology, specifically its Language Processing Units/LPUs, is designed to accelerate AI inference tasks for LLMs. A second facility is planned to open in Merritt, B.C., by the end of 2025. Further expansion includes an additional 26-megawatt data center, being built in partnership with Thompson Rivers University, which is scheduled to open by the end of 2026. Another facility of similar size is expected in 2027. Beyond these, two more AI data centers with a total capacity of more than 400 megawatts are in advanced planning stages, designed for high-density AI workloads. Bell also indicated that future facilities across the country will leverage its real estate assets to add further capacity, with plans for expansion into Manitoba and Québec. Mirko Bibic, President and CEO of Bell Canada and BCE, stated that Bell's AI Fabric will ensure Canadian businesses, researchers, and public institutions have access to "high-performance, sovereign and environmentally responsible AI computing services." BCE Inc. (NYSE:BCE) is a communications company that provides wireless, wireline, internet, streaming services, and TV services in Canada. While we acknowledge the potential of BCE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BCE and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Google Must Win at Artificial Intelligence or Its Search Business Could Crumble. Does This Make Alphabet an AI Stock to Buy?
Customers are shifting toward AI apps over search engines, meaning Alphabet must succeed with AI. The company is investing heavily in AI infrastructure, such as its custom Tensor Processing Units. Alphabet has integrated AI into every one of its products, which spans at least half a billion users. 10 stocks we like better than Alphabet › In the past year, Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) lost two key antitrust cases targeted at its search engine and advertising businesses. But the tech giant can appeal these defeats, so they aren't the greatest threat Alphabet faces. The larger risk to its business right now is artificial intelligence (AI). Consumers are flocking to AI apps such as OpenAI's ChatGPT, so much so that research company Gartner estimates search engines will see a staggering 25% drop in usage next year. This could cause Google's search business to collapse if the prediction comes true. AI certainly holds the potential to unseat Google's reign atop search engines. In fact, for the first time since 2015, Google's market share dropped below 90% in the fourth quarter of 2024, and was at 89.7% in April. These signs suggest cracks in Google's armor, so Alphabet must succeed at its own AI efforts if it wants to protect its all-important search business. Here's a deeper look into how the company is faring in the battle for AI supremacy. The AI stakes are high for Alphabet. Maintaining Google's search success is essential because this part of Alphabet's business produced $50.7 billion of its $90.2 billion in first-quarter revenue. Alphabet is determined to win at AI. The company spent $52.5 billion in capital expenditures last year as it built out the infrastructure needed to support its AI ambitions. It plans to up that investment to $75 billion in 2025. The expenditures involve investing in cutting-edge technology to power its AI systems, such as a proprietary Tensor Processing Unit (TPU). Alphabet's TPUs are hardware specifically engineered to efficiently train AI models and boost AI inference, which is a term describing an AI's ability to apply what it has learned to real-world situations. So far, its AI investments have paid off. Alphabet began inserting AI-generated results into Google's search results nearly a year ago, and as of the end of Q1, CEO Sundar Pichai noted, "We continue to see that usage growth is increasing as people learn that Search is more useful for more of their queries" thanks to AI. Moreover, according to Alphabet management, Google's revenue generation remains at the same rate as before AI was introduced, which indicates the company's addition of AI didn't take away from its ability to earn income from search queries. In fact, Google's $50.7 billion in Q1 search revenue represented growth from the prior year's $46.2 billion. AI is also a central component to Alphabet's success in other parts of its operations. One of these is its cloud computing business, Google Cloud. Through the Google Cloud platform, the conglomerate makes its AI tech available for other companies to use. Customers building AI through Google Cloud include Verizon Communications and Loews. Because of growth in AI adoption by other firms, Google Cloud's Q1 sales increased an impressive 28% year over year to $12.3 billion. Alphabet's AI accomplishments also extend to its self-driving car business, Waymo, which uses AI to make driving decisions. As of Q1, Waymo is providing over 250,000 passenger rides per week, a fivefold increase from the prior year. Waymo's growing popularity is another example of Alphabet's accomplishments with AI. Alphabet's AI achievements demonstrate it's succeeding with artificial intelligence. Every product the company owns -- representing at least half a billion users -- is using Alphabet's AI now. This is translating into revenue growth with Q1 sales hitting $90.2 billion, up from the prior year's $80.5 billion. And now is a good time to scoop up Alphabet shares. That's because its stock valuation looks reasonable when comparing Alphabet's price-to-earnings (P/E) ratio to competitors Meta Platforms and Microsoft. Meta is second only to Alphabet in terms of digital advertising market share, and has also invested heavily into AI. Microsoft competes against Alphabet across the search, advertising, and cloud computing markets. Alphabet's P/E multiple is the lowest among its competitors, indicating its stock is a better value. A combination of economic uncertainty fueled by President Donald Trump's tariff policies and the loss of federal antitrust lawsuits contributed to Alphabet's P/E ratio declining over the past year. Although the challenges of economic volatility and ongoing antitrust battles will persist in the short term, these are transitory, unlike the secular trend of AI that will play out over the long haul. Despite Google's search market share dipping below 90%, it still holds a massive lead over competitors. OpenAI's ChatGPT is predicted to reach 1% search engine market share this year, but that's still a far cry from Google's share. Alphabet's strategic AI investments are bearing fruit, and its relatively low valuation makes Alphabet an attractive AI investment for the long term. Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor's total average return is 962% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Robert Izquierdo has positions in Alphabet, Meta Platforms, Microsoft, and Verizon Communications. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, and Microsoft. The Motley Fool recommends Gartner, Loews, and Verizon Communications and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Google Must Win at Artificial Intelligence or Its Search Business Could Crumble. Does This Make Alphabet an AI Stock to Buy? was originally published by The Motley Fool
Al Etihad
21-05-2025
- Business
- Al Etihad
IHC launches UAE-built global marketplace for AI to accelerate access
21 May 2025 17:33 ABU DHABI (ALETIHAD)IHC, a global investment company focused on building dynamic value networks, has announced the launch of a pioneering marketplace for artificial intelligence solutions - powered by the first ever Emirati AI Marketplace Agent 'SAIF' - which is expected to reshape how AI is built, sourced, and deployed has been designed as a user-friendly interface to help UAE and global developers to access and directly purchase Graphics Processing Units (GPUs), AI modules, and custom AI stack speaks over 5,000 languages, can be accessed on mobile and PC, and is accessible through voice, text or video call. He has been created to embody UAE values of trust, hospitality, speed and engineered, and developed in the United Arab Emirates, this marketplace is built in the UAE but designed for the world. It will serve as a transformative AI marketplace that empowers global developers to access, build, and deploy intelligent solutions a catalyst for a new era in intelligent infrastructure, it reflects the UAE's and IHC's shared commitment to shaping a globally connected digital many developers are unable to access cutting edge AI computing chips, or GPUs, and Large Language Models (LLMs) because of the bulk scale of purchase required from providers. Using IHC's scale, the new initiative will help developers to procure the technology they need directly through the new with a vision to expand access to computational power and AI modules, the marketplace is designed to empower developers, companies, governments, and non-profit institutions to unlock the full potential of artificial intelligence. It will bridge the growing gap between demand for intelligent solutions and the complexity of sourcing and deploying them Basar Shueb, CEO of IHC, said, "The UAE continues to lead from the front in digital innovation, and this new AI marketplace is a testament to what is possible when national ambition meets cutting-edge execution. Developed here in Abu Dhabi, it will redefine the relationship between humans and intelligent systems. IHC is proud to play a role in this transformation by building new capabilities that are born in the UAE and built for the world."This initiative aligns closely with the UAE's long-term digital economy strategy and AI 2031 vision, which emphasises the critical role of advanced technology in shaping the nation's knowledge-based also reflects IHC's strategic focus on future-ready investments and its ongoing mission to accelerate digital transformation at details about the marketplace's capabilities, scope, and international partnerships will be revealed in the coming weeks. Source: Aletihad - Abu Dhabi
